US SMALL/MIDCAPS-Stocks ease as latest results weigh

By Caroline Valetkevitch

NEW YORK, Oct 28 (BestGrowthStock) – Mid- and small-capitalization
stocks slipped on Thursday as the latest batch of earnings
results gave a less robust view of the profit outlook.

Shares of Oclaro Inc (OCLR.O: ) sank 37.1 percent to $8.60
after it reported quarterly results below analyst expectations.
For details, see [ID:nASA00WZT].

Shares of Helix Energy Solutions (HLX.N: ) dropped 5.3
percent to $12.40, a day after it reported results.

They were the latest companies in the small- and mid-cap
space to see big moves in their shares following earnings
reports.

“The moves the companies are experiencing (after results)
are quite large. Companies are being rewarded or punished
fairly dramatically based on their company-specific results,”
said Lawrence Creatura, portfolio manager at Federated Clover
Investment Advisors in Rochester, New York.

The S&P MidCap 400 index (.MID: ) was down 0.07 percent while
the S&P SmallCap 600 index (.SML: ) declined 0.4 percent. In
comparison, the benchmark S&P 500 (.SPX: ) edged up 0.06
percent.

OfficeMax (OMX.N: ), however, offered some support to the
market as it posted a stronger-than-expected profit.

Shares of OfficeMax, among the day’s top advancers, rose
16.4 percent to $17.27. For details, see [ID:nN28107950]

(Reporting by Caroline Valetkevitch)

US SMALL/MIDCAPS-Stocks ease as latest results weigh